Walmart’s $16 billion deal for Flipkart a sign US companies are looking to India for deals

Walmart’s $16 billion deal for Flipkart a sign US companies are looking to India for deals

Walmart CEO Doug McMillon (R) speaking next to Flipkart co-founder and CEO Binny Bansal at an event in Bangalore, as a deal was announced for Walmart to buy a stake in Flipkart. – US retail behemoth Walmart will buy a 77 percent stake in Indian e-commerce giant Flipkart for $16 billion, Walmart said in a statement May 9. With U.S.-China relations in a fragile state, American companies are taking a closer look at India for…

Read More